Diamondback Strikes Again With $1.5B Acquisition

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

Diamondback Energy said Wednesday it would acquire the Permian Basin footprint of privately owned Lario Oil & Gas in a $1.5 billion deal, reinforcing its identity as a major consolidator in the region.

Corporate Strategy , Capital Spending, Independent E&Ps, M&A, Shale
Wanda Ad #2 (article footer)
Move by European Parliament to leave industry-friendly treaty reflects continued push away from oil and gas despite the energy crisis.
Fri, Nov 25, 2022
Investors that had scaled back or fully divested their interests in the region are taking another look, through a different lens.
Fri, Nov 25, 2022
Permitting reform, hydrogen transport, and lining up partners are among the challenges industry players hope to tackle next.
Wed, Nov 23, 2022